In remarks following the Summit, Walsh also pointed to a problem with visa access to the UK, arguing other destinations would likely launch retaliatory regulations if it was not made easier to get into the country.

“Britain needs to realise it is losing ground, and quite quickly.

“If the government does not move, others will likely retaliate, which is quite understandable.

“I see a lot of concern, particularly from emerging markets, that it is tough to do business in the UK.”